Photography: Foreclosed: The collateral damage: Foreclosed-011

The power is shut off at a boarded-up multifamily house that was foreclosed on. Working in darkness, Michael Traupman, who works for a property maintenance company, cleans out the former tenants’ belongings. Property management companies receive a flood of work, as banks rush to secure all the repossessed property they now own. Even after houses are padlocked, vandals often break in and steal copper.

The power is shut off at a boarded-up multifamily house that was foreclosed on. Working in darkness, Michael Traupman, who works for a property maintenance company, cleans out the former tenants’ belongings. Property management companies receive a flood of work, as banks rush to secure all the repossessed property they now own. Even after houses are padlocked, vandals often break in and steal copper.